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Gold edges higher as this year’s surge continues
Spot gold ticked up by 0.4% to $4,320.65 an ounce by 03:19 GMT, extending a dramatic run for the metal. So far this year, bullion has climbed about 64%, a gain that has captured broad investor attention.
Why gold is on the move
The rally reflects a mix of factors that typically boost demand for precious metals. Investors often turn to gold as an inflation hedge and a safe-haven asset during times of economic or geopolitical uncertainty. Lower real yields, cautious central bank stances, and weaker currencies can also push bullion higher.
What to watch next
- Interest rates and yields: Changes in real interest rates and government bond yields tend to influence gold’s appeal.
- Inflation data: Stronger-than-expected inflation readings usually support gold prices.
- Currency moves: A softer dollar can make bullion more attractive to global buyers.
- Geopolitical risks: Any increase in market uncertainty often adds to safe-haven flows into gold.
With the metal already having gained significantly this year, investors will be watching economic indicators and central bank signals closely for clues on whether the rally can be sustained.